Audit results can and should be used to further develop the organization audited. But how can you find an auditor who can help make this happen? How will the auditor do it and what can they offer you? The Director of the NGO, Forest Stewardship Council (FSC Russia), Andrey Ptichnikov and the organization’s Chief Accountant Elena Vizintal shared their experience in finding an auditor who was right for the job.

This monthly Russian-language service from Alinga and regular feature of the Alinga Market Update is designed to bring your financial personnel a broad view of recent changes to the Russian Tax Code. Forward this link to them!

Alinga Consulting has become a member of the German-Russian Chamber of Commerce (AHK). Membership in the AHK will enable the company to establish new contacts and closer cooperation with German companies, who is an important part of the international business in Russia.

"PrimeGlobal’s Conferences always provide a unique opportunity to meet and build stronger relationships with new members and cement the existing relationship with old members. The comradery is real and you always feel like you can rely on your partners. In addition to the technical sessions, I also got a feel for Mexico City and the Mexican culture as a whole" said Mr. Bowling.

We are pleased to announce the appointment of Alex Medlock as Managing Director of AB Services - An Alinga Group Company. Alex has over 20 years of work experience in Russia and the CIS, and is a highly respected executive within the Russian and international business community.

In this month's Market Update, you'll find many articles to explain recent developments in taxation, audit, legal, and accounting in Russia. Let us know if you have any questions. You can now watch fragments of Alinga's popular webinars on its growing YouTube channel (in Russian).

If you have comments, questions, or suggestions on other ways we can improve our site and newsletter, please contact the editor! To subscribe to this newsletter, send an email with "Subscribe Alinga" in the subject field to our editor.

Audit results can and should be used to further develop the organization audited. But how can you find an auditor who can help make this happen? How will the auditor do it and what can they offer you? The Director of the NGO, Forest Stewardship Council (FSC Russia), Andrey Ptichnikov and the organization’s Chief Accountant Elena Vizintal shared their experience in finding an auditor who was right for the job.

This monthly Russian-language service from Alinga and regular feature of the Alinga Market Update is designed to bring your financial personnel a broad view of recent changes to the Russian Tax Code. Forward this link to them!

The agreement was signed on September 7, 2017, and covers, for example, taxation of income from fixed assets, profits from business activities, profits from sea and air transportation, dividends, income from copyright and licenses, as well as personal income.

Russia's Ministry of Finance has stated that, if videoconferencing services are provided by a Russian organization to a foreign organization, for tax purposes, the service is recognized as provided within the territory of the Russian Federation. Thus, VAT is to be charged for such services.

To punish employers who do not sign labor or civil law contracts with a foreigner or stateless person they employ, Russia's Ministry of Internal Affairs has proposed much larger fines and forced administrative suspension.

Under the new rule, the maximum period for voluntary liquidations is one year. The participants in the company or decision making body that made the decision on liquidation will determine the period within that limit. It can be extended by court ruling, but not by more than six months.

Russia’s state-owned Far East Development Fund is in talks to create a $1 billion joint venture to invest in the country’s mining industry with China National Gold Group, a government controlled producer of the precious metal.

Alinga Consulting Group was founded in 1999 by a small, international team of professionals that had been working in the Russian market since 1992. Today, as foreign investment has increased demand for professional accounting and audit services, and as growing companies now require outstaffing and HR services, Alinga has kept pace with a range of solutions for the smooth financial operation of businesses in Russia. As a member of such orgznaitions as IGAF, AmCham Russia, AEB, and the Moscow Audit Chamber, Alinga takes customer service as seriously as it takes the accuracy of its services. Alinga is registered with the PCAOB to provide audit services to American firms.

Moscow6, Baumanskaya St., bldg. 2, office 910, Moscow, 105005, Russia

St. Petersburg55, Nevsky Prospekt, third floor, St. Petersurg, 191025, Russia

Alinga Consulting Group (Alinga) provides this electronic newsletter for general informational purposes only. It is not intended as professional counsel and should not be used as such. All material in this newsletter and our site is the copyrighted property of Alinga unless other authorship is noted. Reproduction, distribution, republication and retransmission of the property of Alinga is prohibited unless the prior written permission of Alinga has been obtained.

Some links within this newsletter, or within the Alinga site, may lead to other sites owned and operated by third parties. Alinga is not responsible for their content and does not necessarily sponsor, endorse or otherwise approve of the materials appearing in such sites. In addition, linked sites may be subject to terms of use and/or privacy policies of their owner/operators, and anyone who uses such a link is responsible for checking what those terms/policies are for themselves. Furthermore, the opinions expressed in materials transmitted from this e-newsletter or the Alinga site are the opinions of the individual author and may not reflect the opinions of Alinga, its partners or employees.